Researching and selecting the right retirement plan for your employees can be a complicated process. As part of our comprehensive retirement plan services, Canandaigua National Bank & Trust can work with you and your tax advisor to interpret and review plan choices, and to help find a solution that's affordable, administratively feasible, and compatible with your business objectives.
CNB's experienced retirement services team realizes that each plan needs to be as unique as the company that's offering it. And they have the administrative and investment expertise necessary to handle plans of all sizes and types, including Profit Sharing and Pension Plans. Investment options include a variety of choices through our Chosen™ Retirement Year Portfolios1 and The Chosen Funds®2.
Both of these plans are available to any type of business. Both also offer your company a tax deduction for contributions made to the plan. The major difference between them lies in the flexibility of the employer's contribution. While the amount of your contribution in a Profit Sharing plan is determined each year, in a Pension Plan, your contribution is predetermined at the plan's inception, and must be funded at that level every year.
Whichever plan you choose, CNB's high level of service, advanced technological support, and extensive professional resources will let you focus on your biggest priority: growing your business.
If you would like additional information, please use the contact us form
or if you would like to speak with a Financial Services Professional, please call 585.419.0670.
Chosen and The Chosen Funds are trademarks of The Canandaigua National Bank and Trust Company. Before investing using mutual funds consider the fund’s investment objectives, risks, charges and expenses. For more complete information, including charges and expenses, contact your financial advisor for a prospectus. Read the prospectus carefully.
1Portfolios are managed by OBS Financial Services, Inc., an SEC Registered Investment Advisor, and are comprised of investments from Dimensional Fund Advisors, Inc. 2Investment options are not proprietary mutual funds and are not to be considered a recommendation of any individual security.
This material is provided for general information purposes only and is not a recommendation or solicitation to buy or sell any particular security, product or service. Past performance is not indicative of future investment results. Any investment involves potential risk, including potential loss of capital. Before making any investment decision, please consult your legal, tax and financial advisors. Non-deposit investment products are not bank deposits and are not insured or guaranteed by Canandaigua National Bank & Trust, or any federal or state government or agency and are subject to investment risks, including possible loss of principal amount invested.